Dec 17, 2012 4:30pm PST
u.s. economy will grow 2.1%, driven by housing and construction, but with corporate profit growth slowing down. nayantara hensel is the chairman of the national association for business economics. not bad, moderate, stable but certainly not robust here s it? >> no, that's absolutely right, tom. basically again we're forecasting annual average real gdp growth at 2.1% but the goodews is we expect it to accelerate during the course of the year, perhaps reach being 3% by the fourth quarter of 2014. >> tom: what is going to add to that growth considering, is it being held back in the first six months because of the uncertainty over the fiscal cliff? >> absolutely. in fact, if you take a look at the panelist forecast on a quarterly basis they suggest real gdp growth will be 1.8% in the first quarter of 2013 but will jump by the second quarter of 2013 to about 2.4%. i think some of that is definitely being held back by a lot of the concerns that resolution i imrtan of the tax and the spending plans. and about 90% of our panelists forecast that sequestration will be deferred and be someti
Dec 17, 2012 5:30pm PST
used by a u.s. construction company in kabul, afghanistan, today. the firm builds facilities for the u.s. military. two afghan workers were killed, and more than dozen others were wounded. the taliban claimed responsibility. and in the east, villagers held funerals for nine young girls who died in an explosion in nangarhar province. police said they may have triggered a land mine left over from the time of the soviet invasion. meanwhile, in northwest pakistan, a car bomb in a crowded market killed 17 people and wounded more than 40. the blast left a scene of scorched wreckage. in syria, the vice president now is warning that neither side will win the battle for control the untry. farouk al-sharaa is a longtime ally of president bashar al- assad's family. in an interview, he called for a national unity government with "broad powers." meanwhile, the violence raged on. rebel fighters claimed they captured an army infantry college near the northern city of aleppo. president obama and house speaker john boehner met today, amid signs of possible movement in the "fiscal cliff" negotiations.
Dec 17, 2012 5:00pm PST
the u.s. he has made strengtheninghe japan u. relionsp a priority. abe criticized the party repeatedly for damaging this relationship. how do people in the obama administration look on it now. >> reporter: the revolving door to the japanese prime minister office has made it difficult for those to cooperate on an issue. they want a reliable partner. they'd like to see an end to the volatile issues. >> what do they want them to address? >> reporter: people in the obama administration face a high priority. they have been troubled by the increasing tension between japan and china over which country owns the senkaku islands. it could unsettle dynamic in a region. they want to see measure security policies and sophisticated diplomacy to calm the situation. >> our pleszage to the new japanese government will be the same to the former japanese government, which is we want to see both japan and china avoid provocative acts. we want to see them talk toach other and work this through by dialogue. >> reporter: now japan has a dispute with south korea. they would like to see the japanese